The preliminary forecasted effect of the deregulation reform increased by ₴2.7 billion – experts of the BRDO estimated.
Such an economic effect will be achieved due to the abolition and digitization of the instruments of state regulation of the economy in 6 areas, in which the Ministry of Internal Affairs, the Ministry of Internal Affairs, the Ministry of Environment, the Ministry of Health, the Ministry of Finance, as well as the Ministry of Strategic Industry and the State Space Agency are responsible for regulatory policy.
❓Entrepreneurs of which industries will save the most?
The economic effect of the deregulation reform for 6 markets will be:
- Ministry of Internal Affairs – UAH 277.7 million;
- Ministry of Infrastructure – UAH 175.2 million;
- Ministry of Environment – UAH 477 million;
- Ministry of Health – UAH 1.4 billion;
- Ministry of Finance – UAH 279 million;
- Ministry of Strategy, Industry and the State Space Agency – UAH 1.1 million.
Previously, the preliminary forecast effect of the deregulation reform amounted to ₴10.2 billion and applied to 5 markets.
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To remind, during the year of the deregulation reform, the Government reviewed 1,323 tools for regulating business operations. The Interdepartmental Working Group on Deregulation, created in January 2023, included, in particular, representatives of the Ministries of the Economy, Digital Transformation, Environmental Protection and Natural Resources, Justice, Finance, and the Regulatory Service. With the support of the USAID Program “Competitive Economy of Ukraine”, BRDO prepares analytics on the expediency of maintaining or canceling regulations, participates in IWG meetings and the development of relevant regulatory and legal acts.